⏰ Hashport Shutdown: 6 Weeks Left to Rescue Wrapped Assets

**Critical deadline approaching:** The hashport bridge will permanently shut down on **May 31 at 12:00 UTC** - just 3 days away. **What you need to do:** - Immediately unport all assets that were bridged to Hedera via hashport - Visit [app.hashport.network](http://app.hashport.network) to initiate transfers - Move assets back to their native networks before the deadline **What happens after shutdown:** - The validator swarm will decommission completely - This is a hard cryptographic stop with no reversal - Any wrapped assets remaining on Hedera will become **permanently unredeemable** - There will be no way to release underlying native collateral **High-risk assets still on bridge:** - $DOVU (highest remaining liquidity) - $QNT, $LINK, $USDC, $WBTC The Hedera community has successfully unported millions in liquidity over recent weeks, but substantial exposure remains locked on-chain. Do not wait for the final network rush - protect your capital now.

**Critical Deadline Approaching** Token holders have until **May 31, 12:00 UTC** to port their EVM-native tokens back to their original chains or risk permanent loss of access. **Affected Tokens Include:** - WBTC, LINK, USDC (Solana), USDT - WETH, DAI, LCX, WAVAX, OM - Multiple stablecoins with Hedera-native versions **What's Happening** The hashport validator swarm is decommissioning, which will permanently close the bridge between Hedera and native chains. Any wrapped assets not returned to their original networks before the deadline will be stuck indefinitely. **Action Required** - Verify which network your tokens are currently on - Check if you're holding or providing liquidity for affected tokens - Unport tokens at [app.hashport.network](https://app.hashport.network/) - Review the full token list at [hashport.network/token-list](https://www.hashport.network/token-list/) **Important Note:** Some stablecoins have Hedera-native versions. Confirm your token's native network before taking action.

**Hedera is developing core infrastructure for trustless digital identity** as blockchain ecosystems become increasingly interconnected. The network is positioning itself to address a critical need: **verifiable identity across multiple chains**. As users and digital assets move between different blockchain networks, establishing trusted identity becomes essential for security and functionality. **Key developments:** - Hedera assembling digital identity primitives - Focus on cross-chain compatibility - Integration with existing bridge infrastructure [Hashport](http://app.hashport.network) serves as the connecting bridge, enabling asset movement between networks while supporting this emerging identity layer. The timing aligns with growing demand for **seamless cross-chain experiences** without compromising security or user verification standards. *This infrastructure could become foundational as Web3 moves toward true interoperability.*

Hashport has expanded its cross-chain capabilities with two notable integrations: - Successfully integrated Gilmore Estates' GCoin ($GC) in December 2024 - Supporting Bonzo Finance, Hedera's new lending protocol, by enabling asset migration from popular EVM networks **Key Benefits:** - Users can now port GCoin across supported networks - Access to competitive lending rates on Bonzo Finance - Seamless asset migration from EVM-compatible blockchains to Hedera *Integration enables broader DeFi participation and enhanced liquidity across networks.*